Morning Journal--Risky securitized loans above 2008 peak

News on Stocks in Our Portfolios

Home Depot beats by $0.06, beats on revenues

·                                 Home Depot (HD): FQ4 EPS of $0.95 beats by $0.06.

·                                 Revenue of $19.5B (+7.4% Y/Y) beats by $0.33B.

·                                 Comparable store +7.4%.

 

Economics

   This Week’s Data

   Other

            BLS fakes employment data (medium and a must read):

            http://www.zerohedge.com/news/2013-11-18/october-2012-pre-election-jobs-report-was-faked

            The volume of riskiest securitized loans above 2008 peak (medium and today’s must read):

            http://www.zerohedge.com/news/2013-11-18/bubble-riskiest-credit-exceeds-2008-peak

            Home builder sentiment unchanged (short):

            http://www.bespokeinvest.com/thinkbig/2013/11/18/homebuilder-sentiment-unchanged.html

Politics

  Domestic

Excerpt for Yellen’s testimony (medium and a must read):

http://www.zerohedge.com/news/2013-11-18/guest-post-personal-sacrifices-jfk-federal-reserve

Obamacare meltdown (medium):

http://scottgrannis.blogspot.com/2013/11/the-obamacare-meltdown-continues-and.html

  International War Against Radical Islam

            Syrian war heats up (medium):

            http://www.zerohedge.com/news/2013-11-19/two-dozen-killed-iranian-embassy-bombing-beirut-iran-accuses-israel-orchestrating-at